(1) Having been apprised of the hope of the Panel of External Auditors that CCAQ could work towards achieving greater consistency and comparability in the information presented in the financial statements of the organizations, CCAQ decided at its 51st session (September 1979) to establish a Working Party on the Harmonization of Financial Statements. The Committee approved terms of reference for the Working Party, specified its membership, and agreed on arrangements for its first session (ACC/1979/R.69, paras. 18-20).

Note: Except for those of UPU, ITU and WIPO, which have always been denominated in Swiss francs, those of WMO and GATT, which have been switched to Swiss francs, and that of IMO, which has been switched to sterling, the budgets of organizations of the UN system are expressed in US dollars.

(1) At the 5th session (April 1949: CC/A.5/SR.2-4 and CO-ORD/PREP/118) the Committee drew up a series of principles to govern external audit in UN and the specialized agencies (CO-ORD-PREP/118, annex 1).

(1) At the 63rd session (September 1985) UNDP drew attention to the financial situation of its programme at 30 June 1985 and to its concerns about meeting expenditure targets, outlining the management action taken or contemplated to increase programme delivery without impairing programme quality.